Bitcoin (BTC) surpassed the $38,000 level as hopes for spot exchange-traded fund (ETF) approval were revived and traditional market watchers expected a rate cut.
Solana's SOL token has also reversed last week's losses, rising by about 8% in the last 24 hours, leading the gains made by layer-1 blockchains. Avalanche's AVAX token is up 6.6%, while Cardano's ADA and Tron's TRX are up around 5%.
The CoinDesk Market Index (CMI), which covers the overall crypto market, rose over 2.5%.
The statements made by Chris Waller, one of the representatives of the US Federal Reserve, had a positive effect on
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